Should New Zealand raise taxes on the rich?
Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.
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@8DL6BJT4yrs4Y
Increasing taxes on the rich forces them to take their money overseas where the government can't get it. We should incentivise rich individuals to spend their money here while cracking down on loopholes that allow massive corporations to pay nothing in tax
@8D7G8QQ4yrs4Y
Add another top tax bracket and increase taxes on that top tax bracket
@8H8G3834yrs4Y
Introduce Capital Gains Tax to fund infrastructure. Increase tax of wealthy and reduce tax for low discretion income earners. Separate all social benefit funding from political impact.
@9G5WM9Q1yr1Y
Lower income taxes, but add taxes for high income earners where their use of goods and services, or impact on infrastructure etc. is greater than the average individual.
@8DMBTCR4yrs4Y
The top 2% should pay higher taxes
@8F5BS9K4yrs4Y
Yes, although this should focus on taxing forms of income not currently taxed effectively.
@8G8FDQX4yrs4Y
Have a fair tax system where no one can hide their income. I know too many business owners that have all their assets and income go into a trust so it is hidden. Close the loop holes.
@8GRJCGH4yrs4Y
First $2000 tax Free $20001 - $65k @ 30% $65k + 44% or more
@8D2BCS44yrs4Y
It should be $18,000 tax free like Australia. The will help the poor and middle class as the first $18, 000 for all income earners will be $nil tax rate. Tax higher income at $100,000 then $120,000 then $150,000 then $180,000 and so on. Any NZer with tax parked in tax haven should be told to go and live in the tax haven and strip their citizenship off them. They don't contribute to NZ.
@9F6BZQPOpportunities2yrs2Y
no income tax on first $19,000.00 increase the threshhold for earnings and add an extra threshhold for income over $290,000.00 at a higher rate
Raise the tax brackets and tge gst bracket for small buisnesses. Then Let the tax brackets follow inflation, reviewed and increased each government.
@9F4KH46New Nation2yrs2Y
Since only 4.7% of all income tax is collected from those earning under $42,000pa, NZ can afford to make the first $36,000 earned from any source TAX FREE, and move/simplify tax bands forwards to preserve integrity of Crown tax revenues
@9F4D6GL2yrs2Y
Abolish income and GST. Increase tax on wealth, data tracking, banking, big corp
Focus on closing tax loopholes abused by commercial enterprises first
@9F28WVR2yrs2Y
Tax is too high, lower for al brackets
Yes but the definition of `rich' is often a very low threshold
@9DZXB4VOpportunities2yrs2Y
Yes, and introduce a wealth tax which targets things other than income.
@9DYX7Y62yrs2Y
Yes but don’t target small businesses
@9DYV8P82yrs2Y
Just police the current rates. Stop tax evasion
@9DYNRZF2yrs2Y
Remove trust loopholes, remove tax loopholes for large corporations, remove gst from healthy foods, introduce a capital gains tax
@9DSH4Z22yrs2Y
No, a complete rework of the whole tax system should be done with more tax brackets at lower increments so that it reflects every pay scale and has no real benefits to any particular pay level
Just the very very rich people. Multi millionaires and billionaires
@9DFBBRVOpportunities2yrs2Y
Yes, but with land value tax or capital gains
@9D9KFC82yrs2Y
Increase gap between tax brackets
@9D9K9LF2yrs2Y
They should add capital gains tax, but not a wealth tax.
Income tax is an outdated form of a tax strucuture. Needs to be revised.
@9CYJ5TH2yrs2Y
No. A better system should be made. My partner may be perceived as Rich because of his income but he came from absolutely nothing and worked hard not riding on the backs of others like WINZ income earners do
As someone who isn't rich it seems like an instinctual decision to put yes. But rich people are people who own large companies and provide for our economy. Raising taxes could drive these people away and I believe raising taxes for the rich in the past is a part of the reason that our economy is crippling.
if u make enough money too be able too give you should want too. but i also believe in working for Ur own self.
@9G6TG8B1yr1Y
yes, but the salery brackets for each tax rate need to be increased as they have not kept up with inflation
Lower the income tax rate and remove tax completely from overtime hours - how are we supposed to get ahead when being taxed so much more when working more??
@9G5QXZ91yr1Y
Yes, but make more brackets for higher earners to make it fairer. Lower tax rate for lower earners, and only tax after first 15,000 per annual. earned.
@9G5QQST1yr1Y
Remove tax from essentials like food water heating(Power) tax luxury items cigarettes alcohol and high bracket companies
@9G5JD4L1yr1Y
No but provide more realistic margins by which we pay tax. It no longer matters what you make when tax, acc and the cost of living don’t align with this; everybody loses. At this point making taxes lower for the poor only increases hardship on the middle because of it what requires to stay in the middle.
@9G5HQ721yr1Y
I think that takes should stay the same but there should be a way to help the poor with their taxes if they are really struggling and if the rich want.
@9G5FKRM1yr1Y
we should based on their incomes because if we just suddenly raise their taxes and lower the poor .
some people might find unfair buf for me we should lower the taxes to the poor since some of the poor have been working hard but half of their money goes to taxes and also fo their groceries all the things they need until nothing left to thei money to save
@9G4MBY31yr1Y
Just make the 'rich' (including international companies trading in NZ) pay what thier fair share as some 'rich' are paying as low as 9% tax
@9G4HWDY1yr1Y
Yes, and introduce a luxury items tax, lower income tax for lower income earners and remove tax loopholes for large corporations
@9G4BFKC1yr1Y
all tax charges should be even, not charging the rich more just because they have higher in comes, and lowering taxes for unemployed people or lower paid people.
Have a tax free bracket for incomes less than $50,000 and add taxes for those earning more than $500,000 and remove loopholes for large corporations - any business trading here pays tax here.
No but change the system as it is clearly not working. Try progressive like Australia. Or what are other countries doing?
I think NZ should view how the uk operates their income tax structures with brackets and allowances. This will also tax higher income earners more and provide the poorer public more rest bite
The rich have worked hard for there money, why should they be taxed more for it? Unless they’re a multimillionaire then I feel they should be taxed more.
Reform tax brackets in line with inflation
Yes and lower tax on middle class income.
All taxes should be the same no matter who's rich and who's not. Taxes should be high or low enough to fit everyone's benefits.
They need to change the tax brackets
Yes but on expenditures not on perceived wealth
Maybe, Depends on how they propose to do it
Yes and add taxes to everyone owning more than one house, rental, baches etc.
@9FFNQFX1yr1Y
I agree with options 6 and 7.
Tax higher incomes more, reduce tax for lower incomes.
@9FFNBPQ 1yr1Y
Possibly but depends on their business, gifting etc. Lower for poorer
@9FFMF441yr1Y
Remove secondary tax then people can improve their financial situation by effort rather than supplementary income
Yes, raise it for the very rich, and lower it for the very poor
Stop gst on fruit, veg, necessities
There needs to be more tax brackets for the super wealthy earning 250k plus
@9FDXQFF1yr1Y
Yes, through wealth, capital or land value tax but with no increase to income tax.
@9FCFJJT1yr1Y
Raise tax on large companies if they earn a certain high percentage of profit off of nz citizens
@9FCFHRF1yr1Y
Yes - raise all income brackets and put in a higher new level where tax is higher. Corporations need to be taxed more equitably and innovative start-ups be incentivised.
Look at all tax brackets and actually tax for a better future outcome not the personal pocket
Lower the income tax for middle income who benefit from no changes
Introduce a tax free income level, and raise taxes on the higher brackets. Target tax avoidance through Family Trusts and other 'legal' methods for avoiding Tax.
lower income tax, introduce capital gains, to the extent that those with family homes aren't affected
@9FBVKNQOpportunities 1yr1Y
Only if the rich counts as over 400k per year in income
Increase taxes on the rich (income, wealth, capital gains, land, etc) and reduce taxes on the poor
Yes, greater taxes should be implemented on weath and wealth transfer and not specifically income. Young people who enter the workforce should also have minimal tax rates across their first 5 years of work to enable them to build a base for the future.
the government should aim to minimise tax as much as possible where it can or the private sector can deliver better outcomes for similar prices.
Have tighter tax brackets. Increase the maximum tax bracket and lower the minimum bracket
Yes, there should be better investigation on the top 1% of earners to see if they are hiding tax.
@9FB6HBTOpportunities2yrs2Y
Assets and capital gains should be taxed higher, Income, Consumption and company tax should be lower
@9FB2MGHOpportunities2yrs2Y
lower tax for the poor AND remove some tax loopholes for large corporations
Yes Raise taxes for profits over $500,000, disallow profits being sent overseas and not being taxed. Make avoiding tax for corporates more difficult. Close all loopholes for corporates.
Move tax brackets for all
@9F9GY2ZNew Conservative2yrs2Y
Add a higher tax bracket to the current system
No, and the tax brackets need to be adjusted with inflation
@9F9FZPX2yrs2Y
Tax the richest people in the country but not just the weather/up class people who have worked to save that money
Introduce a land tax and offset with income tax reduction
Add another tax bracket for over 250k
@9F96HV62yrs2Y
Change tax to have 0% threshold. Increase all thresholds go reduce tax for under $70,000.
@9F93LNJ2yrs2Y
Taxation is very tricky, accountants, large corporations and the wealthy find ways to avoid the system. In some instances, corporations should pay less tax to encourage investment, the wealthy could pay more tax, but what do you define as wealthy since high income earners are still just making ends meet. In favour of decreasing tax rates across the board. A marginal adjustment to sales taxes might be warranted, of .5%. Stop taxing people to gain revenue, get creative and generate income in other ways.
@9F8KJYV2yrs2Y
Increase all tax rate thresholds to bring a 0% tax level
Yes but through a land value tax
@9F8JDTD2yrs2Y
Remove all taxes, add transaction tax of 1 or 2 % only
The rich are rich because they worked and worked they shouldn't get diffrent treatment
Yes, and consider tax free on first $20-$30k earned. And potentially less or no tax for those under 18.
Small transaction tax only. Move to zero over time.
A flat 1% Rate Transaction Tax
Yes, but introduce a text free threshold for all earners
@9F7LC7DOpportunities2yrs2Y
Reduce income tax rates but introduce a capital gains tax
@9F7L4232yrs2Y
No but lower income tax rates
@9F79HWM2yrs2Y
Yes, but on the seriously rich. Not counting rich as people earning less than $200,000
@9F78T8HOpportunities2yrs2Y
Adjust tax brackets upwards for inflation
@9F6LXJM2yrs2Y
Yes, yet the entire tax system in NZ needs an overhaul
Yes, for people earning and no, for retirees who have worked hard all their lives and made sacrifices to save
Stop taxing savings and bring in a capital gains tax except on the family home
@9F6H8LSRock Vote NZ2yrs2Y
Remove GST and Petrol and Road user Tax and introduce an up to 1% Financial Transaction Tax
Tas brackets should be reassessed based on the current livable wage set as the lowest.
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